7960 E Thompson Peak Pky - Medical FOR SALE


Scottsdale, AZ 85255- North Scottsdale
$3,625,000 USD
602-265-5502
7960 E Thompson Peak Pky, Scottsdale, AZ for Sale
$3,625,000 USD
Medical - FOR SALE
1/4
null | 6.23% Cap Rate

7960 E Thompson Peak Pky
Scottsdale, AZ 85255
North Scottsdale


OVERVIEW

The Property consists of the entire building within a medical condo complex and is fully leased to a strong, complementary mix of healthcare providers operating on long-term leases with 3.0% annual rent escalations. The investment delivers durable in-place cash flow with an in-place Net Operating Income of $225,826, supported by market-aligned rental rates and a favorable lease structure. The Property is anchored by Metro Vein Centers, Desert Orthopedic Center, and ATI Physical Therapy, all operating fully built-out clinical suites with over $100,000 in recent tenant improvements completed within the past year. Lease expirations are well staggered, with two of the three tenants secured through 2034, resulting in a weighted average lease term of approximately 8.7 years. Strategically positioned near Loop 101, Mayo Clinic’s Desert Oasis campus, HonorHealth’s planned expansion, and Banner Health’s new Hayden Road development, the Property benefits from exceptional demographics, a strong payer mix, and sustained outpatient medical demand in one of the most affluent and supply-constrained submarkets in the Phoenix MSA.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$471 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grayhawk Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C-O

APN/PARCEL ID

212-36-951

ASK ABOUT THIS PROPERTY

Kevin SmigielTranswestern Real Estate ServicesMore Info
602-265-5502

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Kevin SmigielTranswestern Real Estate ServicesMore Info
602-265-5502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.